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CMHC Just Cut Its Housing Forecast — What It Means If You're Buying, Selling, or Renewing

  Published July 28, 2026 Canada Mortgage and Housing Corporation quietly downgraded its outlook for the rest of 2026 last week, and the new numbers are worth a look no matter which side of the housing market you're standing on. The federal housing agency's Summer 2026 update now calls for slower growth, softer home prices, fewer new builds and continued easing in rental markets right through the end of the year — with a split that leaves Ontario and B.C. looking a lot different from the Prairies and Quebec. Here's what's actually in the update, and what it means for your specific situation. What CMHC changed The agency's baseline call for 2026 is a Canadian economy growing at just 0.7%, with high borrowing costs, weak population growth and cautious buyers keeping a lid on demand even as affordability has technically improved. The practical result, nationally: Housing starts are expected to fall to about 241,400 units this year, down from 259,028 in 2025 Resale acti...
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Hezbollah Fires Rockets into Israel as Blinken Arrives for Ceasefire Talks

Hezbollah launched a series of rockets into Israel early Tuesday morning, targeting key military bases near Tel Aviv and a naval base west of Haifa. This escalation comes amid heightened tensions and ongoing Israeli strikes on southern Lebanon and Beirut’s southern suburbs.

The rocket attacks occurred just hours before U.S. Secretary of State Antony Blinken landed in Israel. Blinken’s visit aims to push for a ceasefire in the conflict, which has seen significant casualties and destruction on both sides. Despite these diplomatic efforts, achieving an immediate resolution remains challenging due to deep-seated divisions between the parties involved..

As the situation develops, the international community continues to call for restraint and a peaceful resolution to the conflict.


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